Bank of America on Wednesday announced that its customers can now instantly send and receive payments with account holders of Minneapolis-based U.S. Bank. The capability could be used, for example, when two friends split a check after dinner. The move underscores the push by traditional banks to better stand out in the increasingly competitive ‘peer-to-peer’ payments industry.
Bank of America on Wednesday announced that its customers can now instantly send and receive payments with account holders of Minneapolis-based U.S. Bank. The capability could be used, for example, when two friends split a check after dinner. The move underscores the push by traditional banks to better stand out in the increasingly competitive ‘peer-to-peer’ payments industry. John Taggart Bloomberg
Bank of America on Wednesday announced that its customers can now instantly send and receive payments with account holders of Minneapolis-based U.S. Bank. The capability could be used, for example, when two friends split a check after dinner. The move underscores the push by traditional banks to better stand out in the increasingly competitive ‘peer-to-peer’ payments industry. John Taggart Bloomberg
Bank Watch

Bank Watch

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Bank of America offers instant payments to compete with rivals

March 09, 2016 5:26 PM